Team: 5% raise! 💰 Watch for tax bump 😅. Health insurance -7%, lunch +10%.

Поділитися
Вставка
  • Опубліковано 3 жов 2024

КОМЕНТАРІ • 244

  • @crazyburkey3677
    @crazyburkey3677 4 місяці тому +165

    Of course, they "fought for the wage increase" HELL NO, they fought to keep it low,

    • @nyotamwuaji6484
      @nyotamwuaji6484 3 місяці тому +5

      Well, they still fought for it. They just never said which side they were on.

    • @WhoThisMonkey
      @WhoThisMonkey 3 місяці тому +1

      Fought for it to be brought down from 15% 😂

  • @OffTheBeatenPathWithRiver
    @OffTheBeatenPathWithRiver 4 місяці тому +58

    Thats why it's good to keep your resume active on Indeed 🤣

  • @fdm2155
    @fdm2155 4 місяці тому +53

    When I worked for a private university, it was typical for annual raises to be eaten by increases in medical insurance costs. 🙄

  • @dragonman910
    @dragonman910 4 місяці тому +177

    5% raise when other things went up 10%? That's not a raise. That's a 5% pay cut. That raise did nothing.

    • @shearerforgold
      @shearerforgold 3 місяці тому +12

      If you make 20 an hour, 5% is 1 dollar every hour and once a day you pay 50 cents more for lunch.

    • @rzawistowski33
      @rzawistowski33 3 місяці тому +8

      ​@shearerforgold yes someone knows math. My work dis a 3% raise and 5% increase on health insurance and peeps thought they were losing $. Average is around 60k, so $1800 gain. Insurance is about 4k so $200. +1600, fools I tell ya.

    • @danielroden9424
      @danielroden9424 3 місяці тому +6

      health insurance is 500 a month. so 7% more is 35 dollars and 10%on lunch is 50 cents x 250 is 125 a year. so 12x35+ 120 = 600 dollars. and if you make 50k 5% is 2500 a year! well 1500 after taxes. and 900 after the other increases. i mean 3 dollars a day is 3 dollars a day!

    • @Hope_Prevail
      @Hope_Prevail 3 місяці тому

      Ikr i was screaming at the screen for how dumb these people are, depending on how much they make per hour and how much they pay for lunch and taxes this is definitely an increase

    • @really2345
      @really2345 3 місяці тому +5

      ​@@shearerforgoldYeah, Veronica doesn't seem to understand basic math nor do many of the people commenting. Veronica gets an extra 5% per hour while the expenses, health insurance and meals, are not being paid every hour of every day. Sheesh.Veronica and the commenters are comparing apples to oranges. Plus, Veronica does not seem to understand the tax code. If she is bumped up into a higher tax bracket, she is only going to pay the higher tax on whatever falls within the higher tax bracket. She us not going to pay the higher tax rate on her entire gross income.

  • @JensenPalmer
    @JensenPalmer 4 місяці тому +20

    "We fought really hard for 5%. We wanted to do 3%."

  • @lemmdus2119
    @lemmdus2119 4 місяці тому +12

    A 10% increase on $5 is $0.50 so lunch for anything is $5.50! Where is this office? Only $5.50 for lunch!

  • @therealbahamut
    @therealbahamut 3 місяці тому +9

    This has similar energy to "we're giving everyone a raise but we're gonna have to up our production quotas by about two thirds to compensate. Let's really get out there and get our noses to the grindstone, folks!"

  • @ytadventurer9170
    @ytadventurer9170 4 місяці тому +78

    Let's do the math.
    National average puts health insurance premiums at just under 7% of income, so let's go with that as an estimate. Another video stated that Veronica makes about $33/hr, so we'll go with that.
    Current income: $33/hr. After raise: 34.65/hr (1.65 increase)
    Current insurance: $2.31/hr After: $2.47/hr (-0.16)
    Current lunch: 0.63/hr After raise: $0.69/hr (-0.06) (worst scenario, where she eats at the cafeteria every single day)
    Loss of raised income to 24% tax bracket $1.65*.24=(-0.40) (worst possible scenario)
    GRAND TOTAL: Veronica now makes $1.03/hr MORE after including all the drawbacks. That's only a bit more than a 3% raise, but as long as this raise isn't REPLACING merit raises for the year, it's still a good thing.

    • @TAllenYT
      @TAllenYT 4 місяці тому +22

      If I had an employee who thought "we get a 5% salary increase, but 7% insurance + 10% lunch = 17%, so it's actually a loss" then I would really hope that their job didn't require doing anything involving finance. Or math. Or numbers in general.

    • @ytadventurer9170
      @ytadventurer9170 4 місяці тому +14

      @@TAllenYT To be fair, in the video where they tried to give Veronica a 'raise' by putting her on salary, her math was on point.
      This time, not so much.

    • @notreal5311
      @notreal5311 4 місяці тому +6

      Tax bracket income looks suspect, it isn't a flat 24% across the board, it's a progressive tax so only the amount over the 24% threshold gets taxed at that rate - not all of her income.

    • @TAllenYT
      @TAllenYT 4 місяці тому

      @@notreal5311isn't a raise, by definition, entirely taxed at the highest rate?

    • @notreal5311
      @notreal5311 4 місяці тому +2

      @@TAllenYT yes. But hats like saying you don't want to make another dollar an hour because you have to pay 25 cents of that in taxes. You still come out 75 cents an hour ahead. People don't understand how a progressive tax structure works.

  • @cjhoward409
    @cjhoward409 3 місяці тому +5

    Back in the early 90’s I was a CNA at a nursing home making a pittance of a wage. I had to pay to be in a union and the union “fought” for us to get a raise. We got .15 cents an hour. I paid more in union fees that didn’t even remotely cover that raise. It would’ve been more beneficial to my bank account to tell them to keep that .15 an hour extra and drop my union dues !

  • @julianneh.1768
    @julianneh.1768 4 місяці тому +53

    Oh wow. I've absolutely been told, "This is why we don't do these things, because everybody is so ungrateful." During the pandemic, this what they used that staff couldn't work from home (we absolutely could have because we were in separate rooms on computers in office). They used this when when they reduced my pay (without informing me) because I "wasn't technically leadership anymore" since we didnt have client's coming in the physical office and it was suppsed to be temporary anyway until they hired someone else. Seeing how I never stepped down from it, they weren't able to hire someone else. So I was to blame. WHAT??? The gaslighting and manipulation was horrific. I was outta there. That non-profit was outta control about control.

    • @seapeajones
      @seapeajones 4 місяці тому +7

      Non profit? First red flag. They are the worst. I've never met a single person who had a good go at one. They went in idealistic & hopeful & came out scarred.

    • @julianneh.1768
      @julianneh.1768 4 місяці тому +7

      @@seapeajones Non-profits are full of well-intentioned people who do not take care of themselves, and therefore do not know how to take care of other people. I say this as a person formerly in that profession. It is sad, because they are out there trying to do good, but it just seems to be going awry at the foundations for so many organizations and their very missions.

    • @JamesSioting-zp6op
      @JamesSioting-zp6op 3 місяці тому

      In this scenario, she is incredibly ungrateful! With all that increase on the other expenses is still way less that the increase she is getting. Overall, she is still getting an increase to her income and yet she run her mouth on things she doesn’t understand. Basing on the comments, a lot of you don’t know basic math either…😅

    • @julianneh.1768
      @julianneh.1768 3 місяці тому +2

      @@JamesSioting-zp6op It's the attitude from the company. You want to give me something nice? Ok! But when it comes with resentment that I better be grateful, I don't even want it. I don't want that responsibility for your happiness.
      They really did reduce my pay without telling me, gaslit, and felt perfectly justified in it.

  • @mariwillalwaysgivethanks
    @mariwillalwaysgivethanks 4 місяці тому +6

    Inflation is WAY higher than what they are telling the masses with their FUNNY MATH!

  • @santinojozefmiller7721
    @santinojozefmiller7721 4 місяці тому +13

    I would love to know what Veronica was like during high school. I can imagine how many staff members at high school she talked back to and got into trouble for.

  • @kajlove1
    @kajlove1 4 місяці тому +4

    So they give them more money then they pick their pockets! Sounds great!😒😒😒😒

  • @smsff7
    @smsff7 4 місяці тому +35

    Wow that is fucked up, company is cheap AF.

    • @FrankWolenczak
      @FrankWolenczak 4 місяці тому

      Be truthful, that company is more cheap than the companies that produced Skippies for $1.99 with the broke down back and velcro straps, Lee's Press on toenails and fingernails and you remember the first generation of horse hair/synthetic hair that was used for weaves back in the 90's right?

    • @jones4150
      @jones4150 2 місяці тому

      You'll never escape it working for a company you don't own.

  • @aluisious
    @aluisious 4 місяці тому +4

    I wish I had a nickle for everyone who doesn't realize that "being bumped up to the next tax bracket" has no impact on all the money you earn below that tax bracket, and thus cannot possibly be a bad thing.

    • @renel7303
      @renel7303 4 місяці тому

      You've obviously never gotten a raise that put you in a different bracket and the increase in withholding dropped your check by a fair amount. It was 30 years ago, numbers are sketchy but the decrease was about the same as my car payment. As a working single person it impacted me significantly. I also got the not grateful lecture.

  • @Koop784
    @Koop784 4 місяці тому +4

    5% on 60,000 is a $3000 raise.
    10% on 5 bucks is 50 cents more for lunch.
    Health insurance is probably like 100 per paycheck, so that's an extra 28 bucks per month or so.
    The raise is still worth it unless inflation drives up the cost of prettt much everything 5%. In which case the raise is the only way you'd be able to afford it at the same living standard.

  • @fakshen1973
    @fakshen1973 4 місяці тому +20

    Why single payer health insurance is the way to go. No private business should have that kind of leverage over their employees.

    • @mikelang4853
      @mikelang4853 4 місяці тому +1

      Health savings accounts.

  • @visionsofparadise578
    @visionsofparadise578 3 місяці тому +5

    This happens at my job every stinking year. They give us a 2-3% raise, but then the "benefits" go up another 5-10%. I compared my pay slip from the most recent check to the same period in 2019, and I am making... wait for it... only about $200 more. So over a 5-year period, my pay is not keeping pace with inflation, and their benefits are sucking more every year with increased premiums and increased deductibles on insurance. Management is pretty confident that we can't perform simple math, and that we are stupid "worker bees" that do whatever they demand with minimal returns.

  • @ab-zv2sp
    @ab-zv2sp 4 місяці тому +5

    The classic “I/fought for you guys”

  • @BeaOtch
    @BeaOtch 3 місяці тому +2

    My husband's company is awesome. He asked for a gas allowance instead of a raise because it would affect our health insurance price and we would have ended up paying so much more. So he got a gas card and on the next raise they will be paying for all of his gas. They are also going to help with my travel out of state to specialist cardiologists because I keep having sudden cardiac arrests. They said that he works hard for them so they will do whatever to work hard for him. They're the best.

    • @adhaincroi
      @adhaincroi 3 місяці тому

      he got lucky. Where does he work ?

  • @Roland597
    @Roland597 4 місяці тому +36

    Just gonna point out that 5% of your total salary is likely still much higher than the $0.50 per lunch and the 7% of your health insurance. Even if you pay 25% of your paycheck to insurance, which would be on the higher end even for lower earners, that would still be only a ~2% increase of cost against your salary. Not nothing, but these numbers don't compare directly. The cafeteria increase comes out to about $120 a year if you buy lunch 20 days a month, which is going to be way less than even 0.25% of most salaried employees.
    Note: That 7% reduction to employer insurance contribution is likely not even 7% of the total cost if you have dependents. Most places don't pay diddly squat for kids or spouses. It would be a reduction of your personal insurance contribution they make in this case.

    • @TAllenYT
      @TAllenYT 4 місяці тому +1

      It all depends on how many lunches she eats a day.

    • @Roland597
      @Roland597 4 місяці тому +5

      @@TAllenYT It really doesn't unless this person is a serious glutton. Also, $5.50 for what is presumably a full meal prepared for you is a really good deal. Its still cheaper to make things at home, but that is seriously not a bad option.
      Oh, and its all elective. Its not like they aren't allowed to bring food.

    • @TAllenYT
      @TAllenYT 4 місяці тому +2

      @@Roland597 Exactly. Maybe she eats several hundred lunches per day?

    • @mynameisben123
      @mynameisben123 4 місяці тому +7

      Also the tax bump would only be incurred when the pay is bumped. I can’t understand how it could be applied earlier?

    • @WSGF
      @WSGF 4 місяці тому +2

      And the rate in the new tax bracket would only apply to those incremental dollars in that new bracket - not the whole salary. You will still have more take home at the end of the day.
      There might be something funky that ends up with deductions to at are calculated as a percent of total income. But most fewer people are itemizing these days since the standard deduction increased significantly a number of years ago. Likely noticing someone with an hourly rate.
      Enjoy the content here, but the math and mathing on this one.

  • @etoradamaley4713
    @etoradamaley4713 4 місяці тому +4

    If you had to fight for this, you're not really fighting

  • @gregsteelephotography9659
    @gregsteelephotography9659 3 місяці тому

    The last HR Debra used the 'So Ungrateful' line so often in their defense when pointing out the ineptitude and shallow threats. Never going to work in an office again.

  • @yaakovs7301
    @yaakovs7301 4 місяці тому +89

    Next tax bracket won't add more taxes to the money you're already making.

    • @marknielsen9315
      @marknielsen9315 4 місяці тому

      amazing how many people don't understand that and need to learn how brackets really work ua-cam.com/video/VJhsjUPDulw/v-deo.htmlsi=cOoC3Fqu2KfSpOnI

    • @erinperez6083
      @erinperez6083 4 місяці тому +16

      I was going to make a similar comment. It’s a common misconception that going up a tax bracket means that you will take home less pay, but it’s only the money you earn in that new bracket that is taxed more, not the income below it. If anyone is interested in reading more, it’s called a progressive tax system.
      Also 7% more medical and 10% more lunch is not 17% more total as the 10% lunch is only $0.50 a day, but the 7% medical will be more.

    • @joshuamclean4588
      @joshuamclean4588 4 місяці тому +4

      @@erinperez6083this is true but also means the 5% increase will be much smaller due to taxes because that 5% will be in a higher bracket. But no one said you will make less because its in a higher bracket, just said it will be in a higher bracket, and the emphasis was the fact that everything else was going up. So there were no misconceptions about taxes explicitly stated in the video.
      Again your also correct that the 10% increase in lunch is not a 10% cost relative to their salary, its 50 cents a day. And likely optional if they bring their own lunch?
      Instead of just stating percentages, they should mention the actual amount bs the amount increased after taxes. Then you get a real picture

    • @ItsDan123
      @ItsDan123 4 місяці тому +1

      @@joshuamclean4588 It wont' be *much* smaller, it'll be slightly smaller, your average US worker is probably falling between the 22% and the 24% bracket. If you're making ~$47,000, right at the line between them, and get a 5% raise ($2,350) an extra $47 is withheld if the whole raise ends up in the 24% bracket vs the 22% bracket.

    • @joshuamclean4588
      @joshuamclean4588 4 місяці тому

      @@ItsDan123 it depends which tax bracket you’re in. Right it will be a few percentage points higher than taxes, but the increase in take home pay may be 3-4% more after taxes depending on the bracket. Maybe not “huge” by your definition but is a good chunk and should be considered when deciding if it’s worth it with the ither increases. Which it very well may be depending largelynon what their healthcare contribution is and what their actual salary is. The lunch is almost negligible but should still be calculated for sccuracy and will add up if you do it every day for a year.

  • @josh8491
    @josh8491 4 місяці тому +4

    I don't think Veronica's major was in mathematics :(

  • @Yaya2214CJ
    @Yaya2214CJ 3 місяці тому

    Love management 's common core math

  • @ChuckFinelyForever
    @ChuckFinelyForever 4 місяці тому +6

    I got 2% last year but at least they didn’t hike up my health insurance, probably because I didn’t opt in for it but hey, glass half full.

  • @sanj6576
    @sanj6576 4 місяці тому +2

    They can keep that raise!

  • @tommiegirl2441
    @tommiegirl2441 2 місяці тому +1

    Lol... no, you're good, Baby. The increases will affect you, but it won't eat everything up. You're still coming out ahead.

  • @me8042
    @me8042 4 місяці тому +1

    In my job, we would receive a pay increase, but then with our withholding for different categories would go up and I calculated that after our “raise” we would be paid at, or a little below pre-raise wages.

  • @JayeEllis
    @JayeEllis 3 місяці тому +2

    Any raise that actually LOWERS my total compensation is not a raise. I don't care how hard you had to 'fight' for it.

  • @jeffjames4064
    @jeffjames4064 2 місяці тому

    "fought for you guys" yeah, I bet that a real knuckle buster. Workers get a 5% pay cut and the business gets a 10% extra cha-ching.

  • @GigiRulesTheRoost
    @GigiRulesTheRoost 3 місяці тому

    oh my gosh I laughed out loud as this manager rattled off all that info. hahaha

  • @JoybuzzerX
    @JoybuzzerX 3 місяці тому +1

    True story...something very similar happened to me with my union. A few of us kept explaining to people how the raise didn't make up for increase in everything else and we'd be losing money.
    The stupid members of the union, which are many, voted yes to it. Then complained about it later.
    People are stupid.

  • @charlie.saturday
    @charlie.saturday 3 місяці тому +1

    You can't be a standard corporate manager if not for that gaslighting lol

  • @QueenCallisto
    @QueenCallisto 4 місяці тому +1

    Time to bring in leftovers for lunch.

  • @laggybum3218
    @laggybum3218 3 місяці тому +1

    My department just got taken over by a new company. Before this happened we got a raise from our original company. The new company honored it. Anyways, we got the raise and then we had to pay for our new insurance, which was 3x what I was paying from the original company. The company also changed our shift differential from a percentage of our base pay to a flat rate. By the time everything was said and done, I am effectively making less than I was before.

  • @CeKurosu
    @CeKurosu 3 місяці тому +1

    Going up a tax bracket doesn't increase your overall tax, only the amount that puts you into that new tax bracket... If you make 95k and an increase brings you into 100k, 4,625 into the next bracket, you only pay additional taxes for the 4625... More money is always a good thing.

  • @LittleLotteWanders
    @LittleLotteWanders 3 місяці тому

    I literally had something like this at my company lol. We got a 5% raise but they downgraded everyone’s insurance policy and it no longer covers half of what we need. But we still pay the same amount for insurance lol corporate America is incredible

  • @jaysuede2627
    @jaysuede2627 4 місяці тому +1

    Worked for a couple years in a company who rewarded our exceeding production by banking the excess as a value that could be exchanged for days off - the overage could buy you a day effectively, and as a result both you and the employer benefitted from your work by 100%. Following a buy out by a larger company, they made a change: you would instead be receiving a bonus for your excess work in your paycheck each week. The bonus was equal to 10% what you earned over quota. And they were shocked when I was offended by them taking away 90% of the benefit I earned.

  • @HowdIEvenGetHere
    @HowdIEvenGetHere 4 місяці тому +9

    Healthcare costs are usually pre-tax

    • @WillowEtain
      @WillowEtain 4 місяці тому +5

      Doesn’t matter. Still complete BS

  • @aeonjoey3d
    @aeonjoey3d 3 місяці тому

    yep, we just got across the board 3% increases because HR literally did not want to deal with the hassle of doing performance reviews and goals we spent the last year accomplishing, and then they increased our health insurance costs TWICE 6mo and 3mo before our 3% goes into effect in August

    • @aeonjoey3d
      @aeonjoey3d 3 місяці тому

      lol we're actually have an impromptu open enrollment again this week to pick new plans that I'm sure will be very beneficial to their bottom line

  • @Questor-ky2fv
    @Questor-ky2fv 4 місяці тому +7

    On weekends do food prep for the week, including lunches to bring to work. It will be cheaper than buying lunch.

    • @TammyT-z5k
      @TammyT-z5k 3 місяці тому +1

      However I wish I had access to a $5.50 lunch. That is a deal.

  • @MikeCarlstrom
    @MikeCarlstrom 3 місяці тому

    Reminiscent of the time I worked for a support organization that required 24/7 availability. We got a pager stipend, so called, for all off hour time. Then they decided to give all an hourly raise and take away the stipend unless you were called. But you still had to be avaliable for a call at all hours. Ended up net loss paycut overall.

  • @MorinoRavenberg
    @MorinoRavenberg 4 місяці тому +5

    I remember lifetimes ago when I worked overtime as a security guard I worked for 1 month like twice as long 16 hours a day essentially only at the end of the month for I think 90% of the extra money I made from it to go to taxes because of this so-called tax bracket. That was the last time I even attempted that level of overtime.

    • @TammyT-z5k
      @TammyT-z5k 3 місяці тому +1

      There is no such thing as a 90% tax bracket.

  • @frankberger3507
    @frankberger3507 2 місяці тому

    Employee is responsible for taxes, and the employer would not know about what bracket they are in. The higher bracket only affects the higher income. The bracket would not increase until the pay increases. The lunch increase is 50 cents a day, to $5.50. Pretty good deal for lunch. The cost increases immediately with a 90 day wait for the wages is BS.

  • @johnbjorkman4144
    @johnbjorkman4144 3 місяці тому

    Happens every time - get a raise, and all expenses go up, because everybody got a raise

  • @TKFLam3
    @TKFLam3 2 місяці тому

    This happened at the post office.

  • @julianyc422
    @julianyc422 3 місяці тому

    Yup, my first raise bumped me up to the bottom of the next Tax bracket and my paychecks were LOWER. I asked for a REDUCTION in pay or a bigger raise. Got neither

  • @glennchartrand5411
    @glennchartrand5411 4 місяці тому +1

    After you factor in the added costs of insurance....its only about a 3% raise , which is basically the minimum yearly raise you should get because thats the target the Federal Reserve has for inflation.
    If a company cuts back on your benefits when they give you a raise , get out.
    .

  • @joopjansen9102
    @joopjansen9102 4 місяці тому +7

    Whose audiowork is this? Credit where credit's due!

  • @danielfrazier-sundberg4327
    @danielfrazier-sundberg4327 3 місяці тому

    This is so heartbreaking because I moved into the next bracket I kept wondering why it felt like I wasn’t making anymore money. I feel like I’m making the same as $10 less an hour.

  • @stinger4712
    @stinger4712 4 місяці тому

    5% raise on $1000/week is $50.
    7% increase on $100 health insurance is just $7
    10% increase on $200 lunch is $20
    So you're up 50, down 27 so you're net up 23%.
    If you can't understand that then that's why you're down there and management is up there. And if after thinking about it for a long time you still don't get it then you'll be down there for a long time.

  • @YippeeSkippie426
    @YippeeSkippie426 3 місяці тому

    5% on annual income is > $20 or so more monthly contribution to health insurance.
    Literally no-one is forcing these employees to eat at the work cafeteria every day.
    Even allowing for a little more taxes on the increase - it's still a net gain. And that gain also adds to SS, Medicare, and Medicaid over the years.
    This is a specious argument.

  • @brettpalmer1770
    @brettpalmer1770 3 місяці тому

    It really depends on how much everything was initially. 5 percent of 500 is quite a bit more than 17 percent of 5 bucks for lunch.

  • @Zerpersande
    @Zerpersande 4 місяці тому +12

    Veronica doesn’t understand math. Suppose you make $10,000/month. If I tell you I’m going to increase your salary by $500/mth but your lunch is going to increase by $10/mth, how do you feel? Say your insurance is $1000/mth, it went up by $70. Percentages aren’t additive. Also you aren’t ‘in a new tax bracket’ until your salary goes up. They can’t increase your withholding until that goes into effect. Although you will see a $320 increase in expenditures for the next 3 months until the hike starts the first month offsets that.
    I’m disappointed in Veronica.

    • @aliciajones1035
      @aliciajones1035 4 місяці тому +2

      This only looks good on paper. The take home pay will not look much different because the cost of the benefits will cancel out any increase you thought you had. That's why I quit a job that kept doing this.

    • @shimshamhotdamn1556
      @shimshamhotdamn1556 4 місяці тому +4

      And a new tax bracket does not mean a higher tax on your overall salary, just the portion of your salary that is in the higher bracket. Google progressive brackets. In short, your post-tax salary can never be lower after moving up a bracket

    • @glorgau
      @glorgau 4 місяці тому +2

      Pack a lunch.

    • @theoriginalkrabbypatty
      @theoriginalkrabbypatty 4 місяці тому

      Quit voting for people that send your mo why overseas.

    • @ytadventurer9170
      @ytadventurer9170 4 місяці тому +3

      @@glorgau Why pack a lunch? $5.50 for a cafeteria lunch is actually SUPER affordable. Especially when Veronica makes $33/hr. Unless the cafeteria lunch is terrible, making her own lunch is LITERALLY not worth her time.

  • @cantumason4o
    @cantumason4o 4 місяці тому +3

    I wish my job had a cafeteria.

  • @SeeMyEvil
    @SeeMyEvil 4 місяці тому +1

    Those that's in what privileged positions will always push the burden down.
    The consumers are the only one that actually have to deal with taxes.
    An inflation.
    Businesses and people who own assets that generate income can just increase the products price. Fire people. Etcetera etcetera.
    Push the burden down to those who do not have assets. Or side hustles.
    We don't have the wiggle room so it's always sacrificing on our end and never them.

  • @j.ronnygibson
    @j.ronnygibson 4 місяці тому +1

    The problem is that this woman thunks Veronica is stupid. Their lives were better without the increase

  • @TheOccupants
    @TheOccupants 3 місяці тому +1

    This isn't that bad. Unless you're spending 100% of your pay on insurance and lunches.

  • @feliciavale4279
    @feliciavale4279 4 місяці тому +1

    Paying 5.50 for lunch is great, can I work for this company

  • @maxschmidt666
    @maxschmidt666 4 місяці тому

    I would also look into how much they raised prices for their products. If they raise them by lets say 10 percent, a 5% raise for income is an asshole move.

  • @ShawnHellwege
    @ShawnHellwege 3 місяці тому

    I get where they were going here but that's just crappy math. If you make $200 per day, then a 5 percent bump would put you at 220 per day, paying 50 cents more for lunch would put you at 19.50 up from where you were. If 10 percent of your paycheck goes towards insurance then you went from having $20 of your daily salary to less than 22... so your net salary increase would be over 17.50 per day increase.
    The tax bracket thing doesn't matter because you are only taxed at that higher bracket for every dollar you make over that amount, like if the next tax bracket is 40k then every dollar you make up to that 40k is on the

  • @julianyc422
    @julianyc422 3 місяці тому +1

    But wait? I thought the Universal Healthcare would take away ... what's the word, choice, like defunding education to provide more... what's the word... choice. And women Also get more... choice?

  • @jdotoz
    @jdotoz 4 місяці тому +1

    The company is being pretty transparent, and Veronica's math is bad. It may well be a benefit overall, depending on the current salary, the current price of insurance, the current price of lunch, and the available lunch alternatives.

    • @citogal
      @citogal 4 місяці тому

      But the manager relayed the information poorly, so maybe that's the message here.

    • @jdotoz
      @jdotoz 4 місяці тому

      @@citogal Except for the tax bracket thing, not really.

  • @madad0406
    @madad0406 3 місяці тому

    Please look up how marginal tax rates work. You should never NOT want a raise, regardless of the tax bracket you'd end up in.

  • @NighDarke
    @NighDarke 4 місяці тому +4

    I'd have to see how much the health premiums are to see if that 5% raise is worth it. Also how it affects taxes. As for the cafeteria, not a problem because I'd start bringing my own lunches. But I might end up declining the raise depending on the other numbers.

  • @divyaism007
    @divyaism007 4 місяці тому

    That’s what government does too.

  • @hrgirl26
    @hrgirl26 2 місяці тому

    Tax bracket won't increase immediately, FYI. Sorry I'm in HR! lol your tax bracket doesn't increase until the raise is effective, and a 5% increase would assume that everyone is already in the same bracket. Usually 5% raise will not move you into another bracket unless you're already on the edge.

  • @judychurley6623
    @judychurley6623 3 місяці тому

    The tax bracket increase is not costing anymore; it is on the raise only. And it doesn't show up until the wages are actually earned. (And yes, I realize this is fiction.)

  • @markelmore66
    @markelmore66 4 місяці тому

    Veronica said in one video she makes 70k a year. A 5% raise would be $3500 a year. Assuming a 5 day workweek and lunches are raised 10% from 5.00 to 5.50 that would be 260 times .50 (ten percent of 5) for an annual lunch increase of 65 dollars. Assuming insurance is around 300 dollars a month a 7 percent increase in cost would be 21 dollars a month or 252 dollars a year. When you add 252 plus 65 you get an annual cost increase of 317 dollars. When you subtract that from 3500 you still have a raise equal to $3183. Comparing a smaller percentage of a large number to a larger percentage of much smaller numbers is apples and oranges and makes no mathematical sense. This sounds dynamite as an argument but doesn’t pan out in reality…

  • @AzuBei
    @AzuBei 4 місяці тому +19

    UNIONIZE

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z 4 місяці тому +2

      Or look for a new job

    • @AveSinistra
      @AveSinistra 4 місяці тому

      @@user-lu6yg3vk9z nope

    • @wilberwhateley7569
      @wilberwhateley7569 4 місяці тому

      @@user-lu6yg3vk9z Have you tried looking for a new job in this labor market lately? It’s a goddamn jungle full of false employment ads, “entry level” positions that require 3-5 years of experience and jobs with big, important titles (such “senior tech developer”) that pay half of what the normal market rate is!
      No - we need a mass labor move to put an end to this bullshit once and for all!

    • @xamyx725
      @xamyx725 4 місяці тому +1

      And pay $500/month in union dues… 🤣

    • @breadlogg
      @breadlogg 4 місяці тому

      ​@@xamyx725 to anyone reading this, ignore these people. These people are not your friends and do not have your best interest at heart.

  • @TurtleMyrtle12
    @TurtleMyrtle12 4 місяці тому +10

    This would still be a benefit. 5% increase on hourly pay and an increase of 7% on healthcare payments? They'd still be coming out ahead. Increase on healthcare benefit immediately and 90 days on hourly raise isn't right though. (And pack a lunch).

    • @Bomtombadi1
      @Bomtombadi1 4 місяці тому +1

      Exactly, it’s relative, not 6 of 1. You’re not paying the equivalent in salary on your lunch and health insurance.

    • @aliciajones1035
      @aliciajones1035 4 місяці тому +5

      Nope it only looks good on paper. I used to work for a bank and no matter how many raises or 5% increases I received my take home pay was always pretty much the same. Those benefit increases ate up any increase we thought we had. Smh I quit the bank.

    • @ytadventurer9170
      @ytadventurer9170 4 місяці тому

      @@aliciajones1035 Unless health insurance is 5/7's or 71% of your wages or more (Just... no.), you're still coming out WAY ahead.
      Also, that's not how tax brackets work.
      Also, paying 50 cents extra to make a cafeteria lunch only $5.50 daily is a steal compared to ordering out. It's actually pretty comparable to anything decent you'd be able to prepare and bring from home, minus the effort and prep time.

    • @aliciajones1035
      @aliciajones1035 4 місяці тому

      @@ytadventurer9170 5% is really not that much of an increase if your health insurance is going to increase by 7%. I had a lived experience with the same scenario and your take home pay will end up being roughly around the same.

    • @ytadventurer9170
      @ytadventurer9170 4 місяці тому

      @@aliciajones1035 Only if your health insurance is MORE than half your pay check. Average health insurance is less than only about 7%. So if it increases by 7%, it's about 7.5% And the insurance premiums are tax deductible. So That only takes away about .5% of the 5% raise. The only way it would erase the raise would be if you were paying 70% of your wages for health insurance, which is nuts.

  • @talinpeacy7222
    @talinpeacy7222 4 місяці тому

    Okay, this one is veronica being a little ignorant. % increases are based on the original amount. The cafeteria lunch is a non-issue, 5.00$ * 110% is 5.50$. You're geting charged an extra 0.50$ a day if you eat lunch at the work lunch. A 5% pay increase for minimum wage would blow that out of the water.
    The tax bracket thing also doesn't increase your total taxes by that percentage, it increases the taxes for pay that would go over that bracket so any pay leading up to that tax bracket would be taxed at the previous bracket. Your gross pay is actually broken up by the tax brackets it fills up and taxes each portion of the income without overlap. Those first few dollars you made that year are taxed at the lowest bracket while the last few would be taxed at the highest bracket.

  • @Key-jc8kw
    @Key-jc8kw 4 місяці тому

    Get off the company Healthcare plan, bring your own lunches

  • @jonquilgemstone
    @jonquilgemstone 4 місяці тому

    Except the pay raise still comes up to more than the cost increases. And the tax increase only applies to the extra money you make above the previous bracket's cutoff.

  • @gokugoma3258
    @gokugoma3258 3 місяці тому

    Sounds like working for Amazon

  • @zawjatsaid1
    @zawjatsaid1 3 місяці тому

    At my job, we got our yearly raise, and my employer covered the increase on our insurance. So my amount didn't increase.

  • @thiabrabson2533
    @thiabrabson2533 4 місяці тому +1

    TRUTH🎯

  • @nightfire777
    @nightfire777 3 місяці тому

    No, 5% is on the whole salary, the 10% is only on a fraction of that salary, probably still worth it

  • @Mudder1310
    @Mudder1310 4 місяці тому

    So Veronica doesn’t do math.

  • @kesayo
    @kesayo 3 місяці тому +1

    How does the tax bracket change happen before the actual pay change?

  • @momof2momof2
    @momof2momof2 3 місяці тому

    Meanwhile the big wigs get huge bonuses

  • @jimmyjohn8008
    @jimmyjohn8008 4 місяці тому +5

    Try a 1 percent raise and an 11 percent increase in health care cost. Deffently was making less than the year before.

  • @kerplunkety
    @kerplunkety 3 місяці тому

    No way you are in higher tax bracket BEFORE the higher wage is paid

  • @Taxidriverfromdeadpool
    @Taxidriverfromdeadpool 4 місяці тому

    Yeah right! They wouldn’t have the decency to give raises and tell you other stuff is going up. You’d just get a rude awakening IF you pay attention

  • @AudrexaNkrullmyaHexburn
    @AudrexaNkrullmyaHexburn 4 місяці тому

    5 % of 85 k is 4,25 k. 7% in addition to 5 dollars is 35 cent more. Thats roughly 100 dollar per year, now u down to 4,15 k. In 2022 workers paid 1.325 k for health insurance in USA. 10% of 1,325k is 133 dollars, now I didnt see if it was per month, so lets asume it is, so times 12, its 1596. This gives veronica of + 2554 dollars per year. If she complains about that, shes pulling the victim card, when she gets a raise. The next tax bracket ofc means she has to pay taxes of it, but its still a positive number.

  • @lmamakos
    @lmamakos 2 місяці тому

    TBF, Veronica can't do math. You can't just add percentages together like.

  • @rodx5571
    @rodx5571 3 місяці тому

    Do the math, its a net gain. 5% of 10$ an hour is 50 cents an hour. How much is healthcare? do the math.

  • @justaguy6216
    @justaguy6216 4 місяці тому

    It's still so fucked that healthcare is linked to your job. America get it together and join the rest of the world, please.

  • @martinmallett3298
    @martinmallett3298 4 місяці тому +1

    They just cut your pay

  • @dwlsn93
    @dwlsn93 4 місяці тому

    Pretty soon, it’s going to cost more to work that the paycheck will cover. The math ain’t mathin’ in the favor of the average worker.
    McDs might be the way to go - not a lot of money, but not a lot of “benefits” to pay for, either. Possibly a win-win?

  • @coolguyhino92
    @coolguyhino92 3 місяці тому +1

    *I decline my promotion

  • @rileymcphee9429
    @rileymcphee9429 4 місяці тому

    They're gonna increase costs now to increase pay in 90 days..
    How many people will be gone after that 90 days as well?

  • @denisemcdougal6445
    @denisemcdougal6445 4 місяці тому +1

    So basically you are not getting a raise. Also the company will start charging you immediately for expenses on lunches healthy insurance etc, however your raise will not go into effect for 90days!?????

  • @wipatriot510
    @wipatriot510 3 місяці тому

    Mmmm, no thanks, I'm comfortable where I'm at...

  • @johnmchale3263
    @johnmchale3263 4 місяці тому

    How to say you don’t understand taxes without just saying it.

  • @patmacd8886
    @patmacd8886 4 місяці тому +3

    Veronica needs some finance classes.

  • @theresebortzfield188
    @theresebortzfield188 13 днів тому

    Unionize

  • @TammyT-z5k
    @TammyT-z5k 3 місяці тому

    This is a hot mess misrepresentation. 5% increase is on your pay, the 7 and 10% increases are on much smaller amounts. Lunch of $5 is now $5.50. Dont know how much the health insurance is but it is a lot less than their pay. And saying the tax bump will be effective now is false. Until the raise starts you would see no change in taxes. Even then the manager doesn't know what each person's tax brackets based on dependents and writoffs will be. The only thing that is bogus is taking 90 days to give the increase. That shouldn't be the case.